Saxo Bank vs. XTB Comparison

This contrast guide assists users that have a hard time to choose in between Saxo Bank and XTB to find the best online broker for their trading and financial investment demands. It assesses the highlights of both brokers side by side to assist customers contrast their solution and make a notified decision.

To aid users choose the best broker in between Saxo Bank and XTB to find the best-suited platform, listed below is a listing of broker’s advantages and disadvantages, adhered to by a contrast of their major trading attributes, including trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, guideline, and consumer assistance.

Saxo Bank vs. XTB: Summary

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

XTB logo

XTB is an international multi-asset broker founded in 2002. It is regulated by two-tier one regulators (the FCA and MiFID) and therefore considered trustworthy. The brokers offers access to 12,000 tradable symbols including 5,400 CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies.

XTB has a proprietary platform (xStation 5) that features extensive trading and research tools including market news, up-to-date price tables, and market calendars. Users can also use various order types and risk management features such as stop-loss orders and negative balance protection. Besides its feature rich proprietary platforms, XTB offers limited MT4 integration.

XTB trading fees are in line with the industry average. They charge an average spread of 0.91 pips (EUR/USD), and also offer spread rebates between 5% to 30% on active trading. XTB also charges inactivity fees of $10/month after 12 months of inactivity.

Pros

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

Pros

  • Low minimum deposit ($10)
  • Competitive trading fees
  • Great research and education materials
  • MT4 compatibility
  • Cashback rebates and free paper trading account
  • Feature rich and intuitive mobile app

Cons

  • Only CFD trading
  • Charges inactivity fees

Key features

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

Key features

  • Access to 12,000 financial instruments
  • Free Stock and ETF trading
  • Daily market analysis videos, price tables, and economic calendar
  • Micro-lot trading available
  • Beginner-friendly mobile app (xStation Mobile)
  • Multi-lingual support in English, Arabic and over 10 other languages

Saxo Bank vs. XTB Comparison

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Compare brokers
Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

XTB logo

XTB

Open account Read review

81% of CFD retail account lose money

BROKER COMPARISON

Saxo
XTB logo

Overall rating

4,9/5

3,8/5

Overall rating

4,9/5

3,8/5

Trading Platform & Tools

4.9

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.7

See details
Withdrawal Fee 0 $0
Deposit Fee 0 $0
Inactivity Fee
Cost Per Trade 0 0
Cost Per Month 0 €12
Forex (EUR/USD) 1 1.0 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks 0
CFD (Gold) $0.60 1.19 pips
Crypto 0 100 pips
Options $0.75 0
Conversion Fees 0,75% 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

2.1

See details
Minimum deposit (in UAE) $5000 $0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.9

See details
Shares 30.000 0
ETF & Funds 5.800 0
Crypto 9 0
Commodities 0 0
Indices 0 0
Options 3.000 0
Futures 300 0
Bonds 4.200 0
Forex Instruments 200 57
CFD Indices & Funds 50 37
CFD Stocks 19.000 1796
CFD Commodities 50 23
CFD Crypto 0 10
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

3.2

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.4

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Saxo Bank vs. XTB Comparison Conclusion

The results of our contrast of Saxo Bank vs. XTB are wrapped up in the table below.

Broker:Best For:
Saxo BankPremium Trades and CFD Trading
XTBForex and CFDs; Beginners and intermediate traders

Selecting the ideal option between Saxo Bank and XTB can be challenging. Both on the internet brokers have similarities yet differ regarding trading instruments, systems & apps, regulation, deposit & withdrawals, and study and education. Picking the very best broker depends upon customers’ trading & investment objectives, private choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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